New To Canada

Purchase Plus Improvements

We can help qualified home buyers tailor improvements immediately after taking possession, to make their new home just right for them. All this can be done with one manageable mortgage and 5% down payment.

Progress Advance

A program that lets residential home builders and individual borrowers take advantage of insured progress advances during the course of construction. We offer the program for homes purchased from a residential home builder or contractor or self-built properties for owner-occupancy.

Energy Efficient Housing

At Genworth Canada, we want to help protect the environment and support consumers as they make environmentally friendly choices. Through our Energy-Efficient Housing Program, home buyers purchasing an energy-efficient home or making energy saving renovations are now eligible for significant premium savings when Genworth Canada insurance is obtained.

Self-Directed RRSP

Canadian tax regulations allow self-directed Registered Retirement Savings Plans (RRSP)/ Registered Retirement Income Funds (RRIF) to be used for a non-arms length mortgage investment, provided that the mortgage is insured. We are delighted to offer this program to meet this opportunity.

Vacation/Secondary Homes

Family Plan

Mortgage default insurance for buyers who are purchasing properties for immediate family members to live in with as little as a 5% down payment. (For example, buying a home for a child to live in while at a post secondary institution, or a home for parents to live in.)

New To Canada

Purchase Plus Improvements

We can help qualified home buyers tailor improvements immediately after taking possession, to make their new home just right for them. All this can be done with one manageable mortgage and 5% down payment.

Progress Advance

A program that lets residential home builders and individual borrowers take advantage of insured progress advances during the course of construction. We offer the program for homes purchased from a residential home builder or contractor or self-built properties for owner-occupancy.

Energy Efficient Housing

At Genworth Canada, we want to help protect the environment and support consumers as they make environmentally friendly choices. Through our Energy-Efficient Housing Program, home buyers purchasing an energy-efficient home or making energy saving renovations are now eligible for significant premium savings when Genworth Canada insurance is obtained.

Self-Directed RRSP

Canadian tax regulations allow self-directed Registered Retirement Savings Plans (RRSP)/ Registered Retirement Income Funds (RRIF) to be used for a non-arms length mortgage investment, provided that the mortgage is insured. We are delighted to offer this program to meet this opportunity.

Vacation/Secondary Homes

Family Plan

Mortgage default insurance for buyers who are purchasing properties for immediate family members to live in with as little as a 5% down payment. (For example, buying a home for a child to live in while at a post secondary institution, or a home for parents to live in.)

New To Canada

Purchase Plus Improvements

We can help qualified home buyers tailor improvements immediately after taking possession, to make their new home just right for them. All this can be done with one manageable mortgage and 5% down payment.

Progress Advance

A program that lets residential home builders and individual borrowers take advantage of insured progress advances during the course of construction. We offer the program for homes purchased from a residential home builder or contractor or self-built properties for owner-occupancy.

Energy Efficient Housing

At Genworth Canada, we want to help protect the environment and support consumers as they make environmentally friendly choices. Through our Energy-Efficient Housing Program, home buyers purchasing an energy-efficient home or making energy saving renovations are now eligible for significant premium savings when Genworth Canada insurance is obtained.

Self-Directed RRSP

Canadian tax regulations allow self-directed Registered Retirement Savings Plans (RRSP)/ Registered Retirement Income Funds (RRIF) to be used for a non-arms length mortgage investment, provided that the mortgage is insured. We are delighted to offer this program to meet this opportunity.

Vacation/Secondary Homes

Family Plan

Mortgage default insurance for buyers who are purchasing properties for immediate family members to live in with as little as a 5% down payment. (For example, buying a home for a child to live in while at a post secondary institution, or a home for parents to live in.)

The Operations team at Genworth Canada is here to provide an exceptional customer experience at every point of contact. Our highly skilled employees with extensive credit knowledge understand the Canadian mortgage industry and regional differences coast to coast. Our deep expertise in mortgage origination, underwriting and loss mitigation allows us to collaborate with our customers to understand their needs and find common sense solutions on every file. We take great pride in the strong relationships we've built with our customers across every region in Canada and continually look for ways to help homebuyers achieve the dream of homeownership.

AndyPosgate

MarshaSeixeiro

Our team of Underwriters is committed to providing superior customer service in every interaction we have with you. Whether it's a phone call to answer your questions, or a review of your file, our Underwriters take the necessary time to understand the files submitted and to ensure they are processed efficiently and decisions are communicated in a timely manner. Genworth Canada promotes underwriting flexibility to help our customers grow their business. In addition we offer:

Underwriting availability with a commitment to respond to our customers quickly

Escalation process (including requests for exceptions)

No automated declines - We are committed to reviewing every file

Regional Underwriting expertise

Genworth Underwriting Policies & Standards (GPS)

Genworth Canada is proud to provide Approved Lenders with its Policies and Standards. The aim of this document is to provide clarity and assist Lenders with the steps involved in obtaining mortgage default insurance. Future changes to the GPS will be communicated via Lender Updates and incorporated into the GPS to be current.

One of the authorized users on the report must be Genworth Canada; the report may also be made out to other users in addition to Genworth Canada.

The "purpose" of the report must be for "mortgage financing" or "mortgage lending" purposes.

It is recommended the appraisal report be presented in PDF format.

This website may contain contact information regarding third parties. This information is provided for information purposes only and the provision of this information does not in any way mean that Genworth Canada endorses the services provided by the third party or make any representation or warranty regarding the services provided by any third party. If you choose to engage any third party mentioned on this website, you do so entirely at your own risk.

The following is a list of Genworth-approved appraisers who have elected to have their company information listed on our website.
Please note this list does not include all Genworth-approved appraisers. Simply choose the Province or Territory to locate an appraiser.

Genworth Canada Canada Progress Advance Program

2020 Homeownership& Financial Fitness Study

About Genworth Canada

Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (“Genworth Canada” or the “Company”), is the largest private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Genworth Canada differentiates itself through superior customer service, a robust risk management framework, and innovative processing technology. For more than two decades, Genworth Canada has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system.